Summary: In retaliation to the increasing number of economic sanctions being placed on them, Iran has threatened to close down the Straight of Hormuz. The economic impact of this vital waterway will has far reaching effects. Today on Down to Business English, Skip and Dez look at the economic sanctions against Iran and how they could possibly effect the future of oil prices. Would you like to receive updates to the business news stories we cover on the show? Visit www.downtobusinessenglish.com and sign up for the Newsletter.
